If youre the village blacksmith and a model T comes along, you better become a mechanic. Peoples lives are better when they get news online versus having to wait for the morning paper. Its a lot more efficient, a lot more real time, a lot less waste.
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If I want to get work done, thats usually about 3 in the morning.
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Todays leading real-world retailer, Wal-Mart, uses software to power its logistics and distribution capabilities, which it has used to crush its competition.
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More and more major businesses and industries are being run on software and delivered as online services - from movies to agriculture to national defense.
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Newspapers with declining circulations can complain all they want about their readers and even say they have no taste. But you will still go out of business over time. A newspaper is not a public trust - it has a business model that either works or it doesnt.
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Any new technology tends to go through a 25-year adoption cycle.
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The joke about SAP has always been, its making 50s German manufacturing methodology, implemented in 1960s software technology, delivered to 1970-style manufacturing organizations, like, its really - yeah, the incumbency - they are still the lingering hangover from the dot-com crash.
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An awful lot of successful technology companies ended up being in a slightly different market than they started out in. Microsoft started with programming tools, but came out with an operating system. Oracle started doing contracts for the CIA. AOL started out as an online video gaming network.
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I love what the Valley does. I love company building. I love startups. I love technology companies. I love new technology. I love this process of invention. Being able to participate in that as a founder and a product creator, or as an investor or a board member, I just find that hugely satisfying.
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You are cruising along, and then technology changes. You have to adapt.
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Around 93, 94, the conventional wisdom about the Internet was that it was a toy for academics and researchers. So it was very, very underestimated for about two years.
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These days, you have the option of staying home, blogging in your underwear, and not having your words mangled. I think I like the direction things are headed.
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